HomeMy WebLinkAbout2004-018 - Ratification of the Acceptance of Bids on $28,903,856.46BILL N0.2004-18
ORDINANCE NO.2004-18
AN ORDINANCE RATIFYING THE ACCEPTANCE OF BIDS ON $28,903,856.46.
BE I'T ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE,
MISSOURI AS FOLLOWS:
SECTION 1: The investment of $4,304,751.88 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of .965%
Maturing on April 14, 2004
SECTION 2. The investment of $2,418,240.31 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of .955%
Maturing on Apri130, 2004
SECTION 3. The investment of $2,868,279 08 in Federal Home Loan Mortgage
Association Discount Notes with Commerce Bank at a rate of 1.029%
Maturing on July 28, 2004
SECTION 4. The investment of $5,441,183.39 in Federal Home Loan Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.02%
Maturing on Apri121, 2004
SECTION 5. The investment of $11,125,343.56 in Federal Home Loan Mortgage
Association Discount Notes with Merrill Lynch at a rate of 1.07%
Maturing on July 27, 2004
SECTION 6. The investment of $612,330.35 in a Certificate of Deposit at Norbank
with a rate of 1.25% maturing on Apri128, 2004
SECTION 7. The investment of $612,182.74 in a Certificate of Deposit at Norbank
with a rate of 1.25% maturing on Apri128, 2004
SECTION 8. The investment of $1,003,150.68 in a Certificate of Deposit at Norbank
with a rate of 1.25% maturing on Apri130, 2004
SECTION 9. The investment of $518,394.47 in a Certificate of Deposit at Park Bank
with a rate of 1.00% maturing on April 16, 2004
PASSED THIS 24TH DAY OF FEBRUARY, 2004
ATT
ity Clerk
Mayor
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